Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty and Bank Nifty October futures Overview – I

25 sec read

Nifty Hourly Charts
Nifty Hourly Charts
Nifty and Bank nifty October futures is in sell mode since 20th September and currently the resistance zone come near 6011 and 10384 respectively. Reverse your strategy to positional longs if the resistance zone breaks on the hourly mode.

Bank Nifty Hourly Charts
Bank Nifty Hourly
Currently 5700CE and 5800CE holds the higher open interest in Nifty October option series and 6000PE and 6100PE holds the higher open interest on the put side but relatively lower open interest when compared to 5700CE and 5800CE. 5700 is the important support zone for this series as most of the option writers are crowded there in building open interest at this moment.

Nifty Open Interest
Nifty Open Interest Overview
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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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3 Replies to “Nifty and Bank Nifty October futures Overview – I”

  1. Hi
    Sir please show call and put charts its an request to you sir and please add all stock intraday charts also
    Thanking you
    YATIN JETHWA

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